It has taken nearly a decade, but Jenny Rooke made the long journey from writing personal checks for one-off deals to starting Genoa Ventures and raising a second fund that is nearly three times bigger than her debut.
House Capital investors include tennis star Serena Williams, Creative Artists Agency founder Michael Ovitz and the co-founders of Dropbox, and Riot Games and YouTube.
Earlier efforts to reform carried interest taxation had stalled, before US Senator Joe Manchin announced on Wednesday that he and Senate Majority Leader Chuck Schumer had worked out a deal.
Genoa Ventures of San Francisco has held a final close on $84m for its sophomore vehicle to invest in companies building products at the nexus of biology and technology.
Firm has raised more than $700m for three flagship funds and two other funds with a special focus on banking technology and the blockchain.
Backers include founders of more than 18 fintech startups, including Alloy, LendUp, LoanPro, Moonpay and Nerdwallet.
Late-stage fundraising is driving fund size, as former IPO investors continue to show interest in earlier fundraising stages and write bigger checks
Swiss billionaire and philanthropist André Hoffmann is among the investors in Systemiq Capital's sophomore fund, which is targeting $200m.
US venture funds sitting on a record $290bn in dry powder pumped the brakes on dealmaking in the second quarter.
Firm expects to invest about 60 to 70 percent of its capital in Series A and B rounds, 20 to 25 percent in growth stage deals and the rest in seed stage investments, a source said.